HDFC Banking and PSU Debt Fund

Banking and PSUModerateOPEN-ENDED

NAV as on 25 Sep 2026: ₹24.33-0.05%1 day
Return since launch: 7.4%
52-week range: ₹23.30 — ₹24.45
AUM: ₹5,186 Cr

HDFC Banking and PSU Debt Fund is a Banking and PSU debt fund from HDFC Mutual Fund with ₹5,186 Cr under management, launched in 2014. Over three years it has returned 5.9% a year, against 6.7% for its category. The expense ratio is 0.72% and the SEBI riskometer reading is Moderate.

Over 1Y this fund returned +4.4% against +4.6% for its category.

Trailing returns
Period	Fund	vs category	Category	Benchmark
1Y	4.1%	−0.6 pts	4.7%	4.6%
2Y	5.1%	−0.3 pts	5.3%	5.3%
3Y	5.9%	−0.8 pts	6.7%	6.1%
5Y	6.2%	+0.4 pts	5.8%	6.3%
7Y	6.1%	−0.1 pts	6.1%	6.1%
10Y	6.4%	−0.2 pts	6.7%	6.4%

Fund against category

Fund4.1%

Category4.7%

Fund5.9%

Category6.7%

Fund6.2%

Category5.8%

Trailing returns
Period	Fund	vs category	Category	Benchmark
1M	-0.1%	−0.2 pts	0.1%	0.1%
3M	0.2%	−0.4 pts	0.6%	0.6%
6M	2.9%	−0.1 pts	3.0%	3.0%
1Y	4.4%	−0.2 pts	4.7%	4.6%
2Y	6.0%	−0.1 pts	6.1%	6.1%
3Y	6.6%	−0.1 pts	6.7%	6.7%
5Y	5.8%	0.0 pts	5.8%	5.8%
7Y	6.4%	+0.1 pts	6.4%	6.3%
10Y	6.7%	0.0 pts	6.7%	6.6%

Fund against category

Fund4.4%

Category4.7%

Fund6.6%

Category6.7%

Fund5.8%

Category5.8%

Since launch (20 Mar 2014): 7.4%

Calendar-year returns

Category average

10.6%

2020

3.7%

2021

3.3%

2022

6.8%

2023

7.8%

2024

7.5%

2025

Show as a table

Calendar-year returns
Period	Fund	vs category	Category
2025	7.5%	−0.3 pts	7.7%
2024	7.8%	−0.4 pts	8.2%
2023	6.8%	−0.2 pts	7.0%
2022	3.3%	−0.6 pts	3.9%
2021	3.7%	−0.2 pts	3.8%
2020	10.6%	+0.1 pts	10.5%

Returns over one year are annualised. Shorter periods are absolute.

Costs

0.72%

Expense ratio as on 24 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense: 0.61%
Brokerage: 0.00%
Transaction charges: 0.00%
Statutory levies: 0.11%

Exit load: Exit load of 0.25% if redeemed within 1 month.
Lock-in: None

Terms

Min SIP: ₹3,000
Min lumpsum: ₹5,000
Plan: GROWTH
Fund type: OPEN-ENDED
Benchmark: Nifty Banking & PSU Debt Index A-II

Moderate

Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.

Risk ratios
Ratio	Fund	Category avg	Read as
Alpha	—	—	Return earned above what the benchmark alone would have given. Higher is better.
Beta	—	—	How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe	0.51	0.92	Return earned for each unit of total risk taken. Higher is better.
Sortino	0.83	1.55	Return earned for each unit of downside risk. Higher is better.
Std. deviation	1.71	1.28	How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Asset allocation

Debt95.0%
Other5.0%

Top holdings

Holding	Sector	Weight	Value	3M chg	6M chg	1Y chg
Others	Others	5.33%	₹277 Cr	+1.05%	+0.96%	+0.90%
Small Industries Devp. Bank of India Ltd.	Financial	5.28%	₹274 Cr	+5.68%	+5.40%	+5.16%
Bajaj Housing Finance Ltd.	Financial	4.83%	₹251 Cr	+3.84%	+3.64%	+3.48%
Indian Railway Finance Corporation Ltd.	Financial	4.44%	₹230 Cr	+0.40%	+0.36%	+0.36%
HDFC Bank Ltd.	Financial	4.05%	₹210 Cr	+1.44%	+1.35%	+1.29%
Housing & Urban Development Corporation Ltd.	Financial	3.89%	₹202 Cr	+2.78%	+2.66%	+1.72%
National Housing Bank	Financial	3.87%	₹200 Cr	+3.80%	+3.60%	+3.48%
REC Ltd.	Financial	3.63%	₹188 Cr	+5.88%	+5.60%	+1.72%
Punjab National Bank	Financial	2.36%	₹122 Cr	+2.32%	+2.22%	+2.13%
National Bank For Agriculture & Rural Development	Financial	1.94%	₹101 Cr	+1.44%	+1.35%	+1.29%
Union Bank of India	Financial	1.88%	₹97.47 Cr	+1.83%	+0.44%	—
UCO Bank	Financial	1.64%	₹85.13 Cr	—	—	—
Power Grid Corporation Of India Ltd.	Energy	1.55%	₹80.41 Cr	+1.54%	+1.45%	+1.56%
SMFG India Credit Company Ltd.	Financial	1.45%	₹75.28 Cr	+1.44%	+1.35%	+1.30%
Power Finance Corporation Ltd.	Financial	1.43%	₹74.44 Cr	+1.88%	+0.92%	+0.86%
Shivshakti Securitisation Trust	Others	1.43%	₹73.91 Cr	+1.42%	+1.36%	—
Mahanagar Telephone Nigam Ltd.	Communication	1.22%	₹63.07 Cr	+0.94%	+0.90%	+0.86%
State Bank of India	Financial	1.13%	₹58.93 Cr	+0.94%	+0.88%	+0.82%
Bank Of Baroda	Financial	1.04%	₹54.00 Cr	+0.92%	+0.84%	+1.02%
Export-Import Bank Of India	Financial	0.97%	₹50.05 Cr	+0.96%	+0.90%	+0.86%
Pipeline Infrastructure (India) Pvt. Ltd.	Construction	0.97%	₹50.35 Cr	+0.96%	+0.91%	+0.87%
Tamilnadu State	Others	0.97%	₹50.33 Cr	—	—	—
Siddhivinayak Securitisation Trust	Others	0.96%	₹49.54 Cr	+0.95%	+0.91%	—
GOI	Sovereign	0.59%	₹30.47 Cr	+0.58%	+0.56%	+0.67%
Gujarat State	Construction	0.58%	₹30.28 Cr	+0.57%	+0.54%	+0.52%
Toyota Financial Services Ltd.	Financial	0.52%	₹27.20 Cr	+0.52%	+0.49%	+0.47%
LIC Housing Finance Ltd.	Financial	0.49%	₹25.48 Cr	+0.49%	+0.46%	+0.44%
Indian Oil Corporation Ltd.	Energy	0.48%	₹24.95 Cr	+0.47%	+0.45%	+0.43%
Poonawalla Fincorp Ltd.	Financial	0.48%	₹24.80 Cr	+0.47%	+0.45%	+0.42%
Altius Telecom Infrastructure Trust	Construction	0.47%	₹24.54 Cr	+0.47%	+0.45%	+0.43%
Bajaj Finance Ltd.	Financial	0.37%	₹19.57 Cr	+0.18%	+0.18%	+0.16%
Andhra Pradesh State	Financial	0.19%	₹9.95 Cr	+0.19%	+0.18%	—
Bihar State	Others	0.19%	₹9.99 Cr	+0.19%	+0.18%	—
Madhya Pradesh State	Others	0.19%	₹9.76 Cr	+0.18%	+0.18%	—
Haryana State	Others	0.10%	₹4.98 Cr	+0.09%	+0.01%	+0.01%
Maharashtra State	Others	0.10%	₹5.01 Cr	+0.10%	+0.09%	+0.09%

Sectors

Financial77.5%
Others9.8%
Construction4.6%
Sovereign3.2%
Energy2.8%
Communication2.1%

Instruments

Debenture36.4%
Non Convertible Debenture19.7%
Bonds18.1%
State Development Loan5.3%
Certificate of Deposit4.0%
Net Current Assets3.5%
GOI Securities3.2%
Bonds/NCDs3.1%

Recent changes

Holding	From	To	Weight
Punjab National Bank	2.38%	2.36%	-0.02%
UCO Bank	1.62%	1.64%	+0.02%
Union Bank of India	1.86%	1.88%	+0.02%
Altius Telecom Infrastructure Trust	0.48%	0.47%	-0.01%
Bajaj Housing Finance Ltd.	1.94%	1.93%	-0.01%
Export-Import Bank Of India	0.96%	0.97%	+0.01%
Gujarat State	0.59%	0.58%	-0.01%
Housing & Urban Development Corporation Ltd.	1.43%	1.42%	-0.01%
Power Finance Corporation Ltd.	0.49%	0.48%	-0.01%
SMFG India Credit Company Ltd.	1.44%	1.45%	+0.01%
Shivshakti Securitisation Trust	1.42%	1.43%	+0.01%
Siddhivinayak Securitisation Trust	0.95%	0.96%	+0.01%
State Bank of India	0.48%	0.47%	-0.01%
Tamilnadu State	0.98%	0.97%	-0.01%
Andhra Pradesh State	0.19%	0.19%	0.00%
Bajaj Finance Ltd.	0.09%	0.09%	0.00%
Bank Of Baroda	0.47%	0.47%	0.00%
Bihar State	0.19%	0.19%	0.00%
GOI	0.59%	0.59%	0.00%
HDFC Bank Ltd.	0.48%	0.48%	0.00%
Haryana State	0.10%	0.10%	0.00%
Indian Oil Corporation Ltd.	0.48%	0.48%	0.00%
Indian Railway Finance Corporation Ltd.	0.10%	0.10%	0.00%
LIC Housing Finance Ltd.	0.49%	0.49%	0.00%
Madhya Pradesh State	0.19%	0.19%	0.00%
Mahanagar Telephone Nigam Ltd.	0.48%	0.48%	0.00%
Maharashtra State	0.10%	0.10%	0.00%
National Bank For Agriculture & Rural Development	0.48%	0.48%	0.00%
National Housing Bank	0.97%	0.97%	0.00%
Others	0.35%	0.35%	0.00%
Pipeline Infrastructure (India) Pvt. Ltd.	0.97%	0.97%	0.00%
Poonawalla Fincorp Ltd.	0.48%	0.48%	0.00%
Power Grid Corporation Of India Ltd.	1.55%	1.55%	0.00%
REC Ltd.	1.48%	1.48%	0.00%
Small Industries Devp. Bank of India Ltd.	1.44%	1.44%	0.00%
Toyota Financial Services Ltd.	0.52%	0.52%	0.00%

Fund	AUM	Expense	1Y	3Y	5Y
Category average	₹5,539 Cr	0.63%	5.3%	6.5%	6.7%
Bandhan Banking and PSU Debt Fund	₹12,014 Cr	0.68%	5.6%	6.4%	6.5%
ICICI Prudential Banking and PSU Debt Fund	₹8,667 Cr	0.74%	4.8%	6.3%	6.6%
Kotak Banking and PSU Debt Fund	₹4,937 Cr	0.75%	4.5%	6.2%	6.5%
UTI Banking & PSU Debt Fund	₹1,508 Cr	0.47%	6.2%	6.9%	7.2%
Franklin India Banking & PSU Debt Fund	₹567 Cr	0.49%	5.7%	6.8%	6.7%

Investment objective

The scheme seeks to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies.

Fund managers

Anil BamboliMr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Scheme information document

Monthly investment

₹

Over the past	Total investment	Would’ve become	Returns
6 months2.87% absolute	₹60,000	₹61,722	2.87%
1 year4.42% annualised	₹1,20,000	₹1,22,912	2.43%
3 years6.59% annualised	₹3,60,000	₹3,99,031	10.84%
5 years5.79% annualised	₹6,00,000	₹6,97,296	16.22%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

What is the NAV of HDFC Banking and PSU Debt Fund?

The NAV of HDFC Banking and PSU Debt Fund is ₹24.33 as on 25 Sep 2026.

What is the expense ratio of HDFC Banking and PSU Debt Fund?

The expense ratio of HDFC Banking and PSU Debt Fund is 0.72% per year.

What is the minimum SIP amount for HDFC Banking and PSU Debt Fund?

You can start a SIP in HDFC Banking and PSU Debt Fund with ₹3,000 a month.

What returns has HDFC Banking and PSU Debt Fund given?

HDFC Banking and PSU Debt Fund has returned 4.1% over 1 year, 5.9% over 3 years and 6.2% over 5 years (annualised).

Is there a lock-in or exit load on HDFC Banking and PSU Debt Fund?

Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 1 month..

How risky is HDFC Banking and PSU Debt Fund?

HDFC Banking and PSU Debt Fund is rated Moderate on the SEBI riskometer and belongs to the Banking and PSU category.

Which fund house manages HDFC Banking and PSU Debt Fund?

HDFC Banking and PSU Debt Fund is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.

HDFC Banking and PSU Debt Fund